LAS VEGAS, March 5, 2018 /PRNewswire/ -- HIMSS Conference, Booth #14031 -- Payformance Solutions, a leading provider of value-based reimbursement solutions and services, today announced the launch of its TrustHub software-as-a-service solution at HIMSS18, the health information technology industry's premier annual conference.
TrustHub enables greater scalability of value-based reimbursement programs by assisting health plans and providers with the design, measurement and collaboration of these programs as a neutral third party.
For payers, TrustHub supplies a turnkey set of solutions and services—including synergistic analytics, reporting and payment optimization solutions—that allow for flexibility and agility in establishing and administering value-based reimbursement programs. For providers, TrustHub offers the much-needed tools to design, contract and participate in value-based reimbursement programs, along with real-time statistics that make it easy to monitor performance and measure impact on cash flow.
Payformance Solutions' mission is to establish a new "handshake" between payers and providers by pioneering thoughtful solutions that deliver efficiency, predictability and consistency in value-based care programs while creating an ecosystem that aligns payers' and providers' financial goals with patient outcomes. Payformance is backed by the respected research and consulting nonprofit Altarum Institute with the goal of accelerating the healthcare system's transition to value-based payment models.
"Payers and providers currently face a significant administrative burden tied to alternative payment model contracts, and existing solutions only meet a portion of customer needs," said Kevin Mehta, chief technology officer with Payformance Solutions. "TrustHub delivers a full-service, turnkey ecosystem with the tools and technologies to design, negotiate and operate alternative payment models as a neutral third-party."
"Value-based care holds the potential to revolutionize healthcare by aligning providers' and payers' outcomes and incentives," said Alicia Torres, Altarum's chief financial officer and senior vice president of new ventures. "Altarum is proud to support Payformance Solutions and its game-changing TrustHub solution, which will guide the U.S. healthcare system towards its value-based future."
Additionally, Payformance's Mehta will deliver a presentation at HIMSS18, titled "Scalable approach to Your VBR Contracting." The presentation is scheduled for Tuesday, March 6, at 12:00 p.m. Pacific Time in the Solutions Lab. Payformance will also showcase TrustHub during the conference, at booth #14031.
About Payformance Solutions
Payformance Solutions is a value-based reimbursement service provider dedicated to advancing payment transformation in the healthcare industry. Leveraging our affiliation with nonprofit research and consulting organization Altarum Institute, we launched a suite of services to equip payers and providers with the technical tools and resources required to design, evaluate, build, measure and negotiate value-based reimbursement contracts while aligning financial goals with improved patient outcomes. For more information, visit: www.payformancesolutions.com.